Vivmark Residential Common Shares of Beneficial Interest $VMRK Stock Position Lifted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 54.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,444 shares of the company’s stock after purchasing an additional 187,358 shares during the period. Pictet Asset Management Holding SA owned 0.14% of Vivmark Residential Common Shares of Beneficial Interest worth $32,413,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VMRK. Pensionfund Sabic acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $3,181,000. Perpetual Ltd bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $26,651,000. Red Spruce Capital LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $1,367,000. LDR Capital Management LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $1,703,000. Finally, Pensionfund PDN acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $6,617,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insiders Place Their Bets

In other news, Director Christopher B. Howard sold 8,486 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total transaction of $543,104.00. Following the transaction, the director directly owned 12,730 shares of the company’s stock, valued at $814,720. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total transaction of $511,200.00. Following the completion of the transaction, the director directly owned 16,084 shares of the company’s stock, valued at $1,027,767.60. This trade represents a 33.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,286 shares of company stock worth $3,735,822 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.5%

NYSE:VMRK opened at $65.78 on Wednesday. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.35 and a quick ratio of 0.19. The company has a market cap of $24.66 billion, a price-to-earnings ratio of 243.63, a P/E/G ratio of 3.82 and a beta of 0.72. The business has a fifty day moving average of $62.62.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative return on equity of 0.80% and a negative net margin of 4.21%. The firm had revenue of $785.05 million for the quarter. As a group, equities research analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were given a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is currently 1,040.74%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Cantor Fitzgerald cut their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday. Stifel Nicolaus set a $77.50 target price on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday. Barclays lowered their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 14th. KeyCorp began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 26th. They set a “sector weight” rating for the company. Finally, BMO Capital Markets cut their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating on the stock in a report on Monday, August 24th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $71.42.

About Vivmark Residential Common Shares of Beneficial Interest

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver.